Top FM – TOP 103.1 FM – TOP FM ONLINE.COMhttps://topfmonline.com
Tue, 06 Nov 2018 11:35:09 +0000en-UShourly1Prices of fuel drop marginallyhttps://topfmonline.com/prices-fuel-drop-marginally/
https://topfmonline.com/prices-fuel-drop-marginally/#respondTue, 06 Nov 2018 11:35:09 +0000http://topfmonline.com/?p=27193Citi Business News checks at the pumps this morning show that the top three OMCs, Goil, Shell and Total Ghana are selling both Petrol and Diesel at GHC 5.15 pesewas across the country. The reduction in prices comes after the major OMC’s all increased the price of petrol and diesel to GHC 5.21 pesewas per […]

]]>Citi Business News checks at the pumps this morning show that the top three OMCs, Goil, Shell and Total Ghana are selling both Petrol and Diesel at GHC 5.15 pesewas across the country.

The reduction in prices comes after the major OMC’s all increased the price of petrol and diesel to GHC 5.21 pesewas per litre in the last pricing window.

The reduction is below the 2 to 4 percent decrease predicted by the Institute of Energy Security (IES).

Explaining the reasons behind their prediction, the IES said the fall in Brent crude prices, and finished products on the international market, as well as the cedi’s respectable gains against the dollar could lead to prices dropping at the pumps.

By this, the IES was optimistic the drop in the prices of fuel will bring some relief to Ghanaians at the pumps in the first pricing window in November.

Speaking to Citi Business News, Research Analyst at the IES, Mikdad Mohammed said they expect some OMCs to be influenced by the Price Deregulation policy to effect reductions beyond the projected margin.

“Unlike the previous window where we have had the depreciation of the cedi lead the increment, this particular window has had two major positive news. IES economic data show that we had an appreciation of around 2.4 percent from the cedi against the dollar,” he said.

“For Brent crude, we have had a reduction of about 5 percent and finished products have now come down too. When you take gas oil for example, it has come down by about 5 percent, gasoline has also come down to beyond 2 percent. It is the cumulative effect of all of these indices that IES foresee a reduction in prices from the current 5cedis, 21 pesewas to about 5cedis, 10 pesewas” he added.

]]>https://topfmonline.com/social-media-users-accuse-musician-nina-ricchie-breast-implants/feed/0A-Plus blackmailed me – Maritime bosshttps://topfmonline.com/plus-blackmailed-maritime-boss/
https://topfmonline.com/plus-blackmailed-maritime-boss/#respondTue, 06 Nov 2018 10:50:47 +0000http://topfmonline.com/?p=27180The Director-General of the Ghana Maritime Authority (GMA), Kwame Owusu, in a report sighted by YEN.com.gh, on MyNewsGh.com, disclosed that Kwame Asare Obeng popularly known as A Plus demanded an amount of money in order to bury alleged financial malfeasance claims leveled against him. According to Mr Owusu, he refused to cooperate with A Plus, […]

]]>The Director-General of the Ghana Maritime Authority (GMA), Kwame Owusu, in a report sighted by YEN.com.gh, on MyNewsGh.com, disclosed that Kwame Asare Obeng popularly known as A Plus demanded an amount of money in order to bury alleged financial malfeasance claims leveled against him.

According to Mr Owusu, he refused to cooperate with A Plus, causing him to leak the said documents to the public which in turn caused a stir.

At a press conference he held in Accra to defend all claims and allegations leveled against him, the GMA boss presented the extortion message he received from A Plus available to all media men to see.

He however described A Plus as a blackmailer who was only carrying out a threat because he was not able to achieve his initial plan.

In response A Plus noted his readiness for any legal battle regarding the issue he referred to as a ‘rot in the country.’

On 0ctober 25, 2018, news broke on the Maritime authority boss spending GHC1.3 billion in one night on food bought from his own hotel for an end of year party.

Documents on the said event which hosted seven people according to reports amidst wastage of public funds and conflict of interest, were met with impunity as social media users went crazy over misuse of public funds for such an insignificant event.

The Luxe Suits Hotels, which Owusu owns, hosted all seven people and fed them with such an outrageous amount.

The Director General has come out to rebut claims saying the cost was reasonable and with regards to the contracts, he used the right channels and was not in breach of any law.